The Korean owner, which filed for court protection in June,is paying KRW 103.7bn ($97.5m) for the duo at compatriot yard Hanjin HeavyIndustries, both companies confirmed today.
Hanjin said the ships are due for delivery in December 2016.
The move follows just days after STX Pan Ocean secured ahuge debt-for-equity bailout from banks.
State-owned Korea Development Bank (KDB) will emerge as the largestshareholder in the deal which will see over $1bn worth of debt converted intonew shares.
The surprise move also comes hot on the heels of theshipowner culling contracts for ships booked in 2010.
STX PO chopped $300m from its kamsarmax bulker andopen-hatch general cargoship newbuilding programme.
A $50m contract for two containerships in China, also inkedin 2010, was changed to one ship worth $25m.
